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NEW QUESTION 33
Which of the following options is an example of a biased question? (Select all that apply.)
- A. Should Congress increase the federal minimum wage?
- B. Would it be better to replace the federal minimum wage with a living wage?
- C. Should the federal minimum wage be increased even though it would cost private businesses billions of dollars?
- D. Should the federal minimum wage be changed?
- E. What should the federal minimum wage be?
Answer: B,C
NEW QUESTION 34
A researcher wants to know the impact that obesity and universal health care have on the amount a country spends on healthcare as measured by the percentage of gross domestic product (GDP). The researcher collects data from 30 countries on the percentage of the population considered to be obese and whether that country offers universal health care to their citizens. A dummy variable is constructed to measure the latter: the variable is set to equal 1 for countries that offer universal health care and 0 for those that do not. The researcher wishes to set up a regression analysis to measure the effects these two variables have on health care spending. A partial view of the data is shown below.
Based on the available data, what ranges should be entered into the Excel regression dialog box for the dependent and independent variables?
- A. Dependent Variable. B1:B31; Independent Variable. C1:D31
- B. Dependent Variable. C1:D31; Independent Variable. B1:B31
- C. Dependent Variable. B1:C31; Independent Variable. D1:D31
- D. Dependent Variable. A1:A31; Independent Variable. B1:C31
Answer: A
NEW QUESTION 35
A doctor wants to predict the probability that a woman develops breast cancer based on her age, race, and diet. Which of the following statistical tools is the MOST suitable for this study?
- A. Conduct a two-sample hypothesis test
- B. Perform a multiple linear regression analysis
- C. Construct confidence intervals
- D. Conduct a one-sample hypothesis test
Answer: B
NEW QUESTION 36
The standard deviation of a given population is 3.5 with a mean of 26. Assuming the population follows a normal distribution, approximately what percentage of the population will fall between 15.5 and 36.5?
- A. 99.7%
- B. 95.0%
- C. 68.0%
- D. 99.9%
Answer: A
NEW QUESTION 37
Managers at a fast food chain that employs mostly minimum wage workers learn that a new law may increase the minimum wage in the United States by 25 percent. Assuming demand for labor is NOT perfectly elastic, how will this affect the market outcome?
- A. Demand for fast food will increase, offsetting the change in price due to decreased supply.
- B. Price and quantity of fast food will not change, but the fast food chain will capture more value.
- C. At any market price, fast food restaurants will be willing to supply less food.
- D. As more people will be willing to work for the higher wage, the fast food chain's output will increase.
Answer: C
Explanation:
Topic 3, Financial Accounting
NEW QUESTION 38
Which of the following measures can reduce multicollinearity in multiple regression? (Select all that apply.)
- A. Increase the sample size
- B. Decrease the sample size
- C. Remove the intercept
- D. Change the units of one of the independent variables
- E. Remove one of the collinear variables
Answer: A,E
NEW QUESTION 39
A student suspects that this January has been much colder than in years past. The student decides to test this belief by looking at the daily mean temperatures for that month. The historical mean daily temperature for January was 29(O)F. The student's data show that the average daily mean temperature for this January was 27(O)F. Based on the student's theory and the information above, what is the correct alternative hypothesis?
- A. HA. u<27
- B. HA. u<29
- C. H u>29
- D. HA. u>27
Answer: B
NEW QUESTION 40
A DVD manufacturer is considering shutting down its production facility and only selling its movies through digital downloads. The company has signed a contract to pay $3,000 a month for its production facility for the next three years. If the company continues to sell its movies as DVDs, it is projected to earn $8,500 in revenue and spend $3,500 in variable costs each month. Variable costs for the digital downloads are 0. Under what circumstances should the company switch to selling digital downloads?
- A. If each digital download would earn more profits than each DVD sale
- B. If the projected revenue from the digital downloads is more than $5,000 per month
- C. If the projected revenue from the digital downloads is more than $2,000 per month
- D. If the demand for movies is expected to decrease in the future
Answer: B
NEW QUESTION 41
On the way to purchase a shirt, a consumer realizes that the shirt is on sale for 20 percent off its original price. What is an outcome of this scenario?
- A. The customer's willingness to pay for the shirt will fall.
- B. The supplier will price the shirt below its willingness to sell.
- C. The customer will buy more shirts.
- D. The customer will capture more value from the purchase.
Answer: D
NEW QUESTION 42
Managers of a milk processing company have hired an ad agency that proposed an advertising campaign to encourage the consumption of milk. Some managers are concerned that the advertisements do not promote the company itself. Under what circumstances would it be beneficial for the firm to adopt the campaign?
- A. The firm has a large market share.
- B. The firm faces many strong competitors.
- C. There is significant product differentiation in the milk industry.
- D. The firm is currently losing money.
Answer: A
NEW QUESTION 43
In determining free cash flows, how is the change in net working capital calculated?
- A. Current Assets (previous year) - Current Assets (year projected)
- B. Receivables minus Payables (year projected) - Receivables minus Payables (previous year)
- C. Current Assets minus Current Liabilities (year projected) - Current Assets minus Current Liabilities (previous year)
- D. Ending balance of cash (previous year) - Ending balance of cash (year projected)
Answer: C
NEW QUESTION 44
Company A owns properties that it leases for use as plant and office space. Company A received $120,000 on June 25 from Company B as a lease payment for use of a building for six months beginning July 1. What entry would Company A make on July 31?
- A. Debit rent revenue for $20,000 and credit deferred revenue $20,000
- B. Debit prepaid rent $100,000 and credit accrued rent $100,000
- C. Debit deferred revenue for $20,000 and credit rent revenue for $20,000
- D. Debit cash for $120,000 and credit deferred revenue for $120,000
Answer: C
NEW QUESTION 45
A company had the following trial balance on Dec. 31, 2013:
What is the company's net income for 2013?
- A. $95,000
- B. $170,000
- C. $45,000
- D. $120,000
Answer: A
NEW QUESTION 46
Company A has been profitable for the past five years but the Retained Earnings reported on the financial statements has not grown. Which of the following statements could explain the situation?
- A. Company A has paid dividends to shareholders each year.
- B. Company A has invested heavily in new machinery and equipment.
- C. Company A has issued additional shares of common stock.
- D. Company A has paid down a portion of its long term debt.
Answer: A
NEW QUESTION 47
An apparel company is negotiating a new contract with one of its fabric suppliers. Under which of the following conditions will the apparel company have power to bargain for a lower price in the negotiations?
- A. If the apparel industry is growing quickly
- B. If the supplier has several competitors and only a few customers
- C. If quality of its fabric is important to the apparel company
- D. If the apparel company's employees would need training to use a new supplier's materials
Answer: B
NEW QUESTION 48
Accounting standards establish that companies should depreciate a long-lived physical asset, because:
- A. Assets lose value in the long term.
- B. Costs should be matched with the benefits that are realized over multiple periods.
- C. It is an explicit transaction beyond the current period.
- D. Not all assets are paid in cash at the time they are purchased.
Answer: B
NEW QUESTION 49
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